Allen Atlas Render Solutions Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07593833 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2017

for

Allen Atlas Render Solutions Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S J Allen

Mrs J Allen

Miss B L Allen

Mrs A L Pulman

REGISTERED OFFICE:

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

REGISTERED NUMBER:

07593833 (England and Wales)

ACCOUNTANTS:

torr waterfield

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

FIXED ASSETS

Tangible assets

4

65,465

81,006

CURRENT ASSETS

Stocks

8,200

30,595

Debtors

5

715,959

747,085

Cash at bank

7,583

-

731,742

777,680

CREDITORS

Amounts falling due within one year

6

340,636

503,354

NET CURRENT ASSETS

391,106

274,326

TOTAL ASSETS LESS CURRENT LIABILITIES

456,571

355,332

CREDITORS

Amounts falling due after more than one year

7

(30,966

)

(42,009

)

PROVISIONS FOR LIABILITIES

(12,438

)

(16,201

)

NET ASSETS

413,167

297,122

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

413,163

297,118

SHAREHOLDERS' FUNDS

413,167

297,122

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 8 December 2017 and were signed on its behalf by:

Mr S J Allen - Director

1.	STATUTORY INFORMATION

Allen Atlas Render Solutions Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and estimated selling price less costs to complete and

sell, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,

except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2016 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 May 2016

22,490

764

117,665

8,652

149,571

Additions

-

-

11,500

-

11,500

At 30 April 2017

22,490

764

129,165

8,652

161,071

DEPRECIATION

At 1 May 2016

12,074

626

50,155

5,710

68,565

Charge for year

4,294

138

19,754

2,855

27,041

At 30 April 2017

16,368

764

69,909

8,565

95,606

NET BOOK VALUE

At 30 April 2017

6,122

-

59,256

87

65,465

At 30 April 2016

10,416

138

67,510

2,942

81,006

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade debtors

467,042

416,921

Amounts recoverable on contract

120,251

186,780

Other debtors

128,666

143,384

715,959

747,085

Included in other debtors are prepayments of £491 (2016: £17,393).

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Bank loans and overdrafts

-

85,798

Hire purchase contracts

23,417

19,284

Trade creditors

210,054

228,276

Taxation and social security

97,915

86,631

Other creditors

9,250

83,365

340,636

503,354

Included in other creditors are accruals of £8,947 (2016: £3,958).

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.17

30.4.16

£

£

Hire purchase contracts

30,966

42,009

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.17

30.4.16

£

£

Bank overdraft

-

85,798

Hire purchase contracts

54,383

61,293

54,383

147,091

Hire purchase liabilities are secured on the individual assets being so acquired.

The bank overdraft is secured by a fixed and floating charge over the assets of the company.

9.	RELATED PARTY DISCLOSURES

During the year the company sold goods totalling £26,660 (2016: £114,360) to a director.